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(Infographic) Myth Busted: Gold is Cheap

By Editorial Staff
5/23/2013 1:30:00 PM

Gold bulls have been saying that gold must be priced far higher if it is to serve as the world’s money. But the September 2011 issue of The Elliott Wave Theorist made a case that gold at $1921.50 was expensive: Those who argue that gold is still cheap might want to consider [this chart], which shows that since 1913, when the Fed was created, gold has achieved four times the gain of the Consumer Price Index.

Filed Under: Elliott Wave Theorist, Gold, U.S. Federal Reserve (the Fed)

Category: Gold and Silver

Gold ETFs Are Forced to Sell
ETFs dispose of 600,000 pounds of the yellow precious metal

By Bob Stokes
5/22/2013 4:15:00 PM

ETF gold holdings peaked in December 2012 and have since contracted. The editor of ETF Trends calls the disposal of over 600,000 pounds of gold so far in 2013 "amazing,' and "incredible." Learn how to get a FREE copy of EWI's Special Gold & Silver Report.

Filed Under: all the same market theory, commodities, Elliott wave, Gold, gold futures, quantitative easing, silver, silver futures

Category: Gold and Silver

The Dispossession of Silver Prices
The price rout of the white metal followed its Elliott wave pattern a 'T'

By Nico Isaac
5/20/2013 6:00:00 PM

The recent selloff in silver kicked into high gear on April 15, when prices plummeted 11% to a two-year low. A strong rebound followed with prices rallying within spitting distance of $25 in early May. And then the floor fell out from under silver once again. In early Asian trading on May 19, silver sank 9% to an intraday low of $20.24, a 32-month nadir...

Filed Under: contracting triangle, Elliott wave, Gold, gold futures, precious metals, silver, silver futures, Traders

Category: Gold and Silver

Bob Prechter's Big 5 Warnings for Gold and Silver Investors
From the April 2013 Elliott Wave Theorist

By Editorial Staff
5/20/2013 2:00:00 PM

Successful market analysis is rooted in irony and paradox. Our gold and silver analysis at the peak two years ago relied heavily on five arguments directly opposed to those offered everywhere else we look.

Filed Under: central banks, Gold, Robert Prechter, silver

Category: Gold and Silver

The Gold U.F.O.: Unexplainable Falling Object?
There is no conspiracy behind the persistent weakness in gold

By Nico Isaac
5/17/2013 5:15:00 PM

According to a growing number of well-respected sources, the downtrend in gold is a great and artful conspiracy. Yes, they're serious. The 'I smell a rat' notion stems from the widely-held belief that prices in major financial markets do not suddenly fall off cliffs. Gold is not supposed to be as volatile as lesser commodities, but instead be an insurance against panic.

Filed Under: Elliott wave, Gold, gold futures, precious metals, Traders

Category: Gold and Silver

Evidence That Gold and Silver Are Not So Precious During Economic Downturns
History reveals that precious metals perform poorly during recessions and depressions.

By Bob Stokes
5/15/2013 5:30:00 PM

It's often said that gold and silver "always" go up during hard economic times. But you might be surprised to learn what the historical evidence says about this widely held belief. Let's start with gold ...

Filed Under: Elliott Wave Theorist, Gold, precious metals, Robert Prechter, silver

Category: Gold and Silver

If the Fed Stops Easing, Will Gold Start Wheezing?
The answer is in central bank charts of gold prices and stimulus initiatives since September 2011.

By Nico Isaac
5/13/2013 4:30:00 PM

Ask a mainstream economist about the relationship between central bank monetary policy and precious metals, and you'll hear something like: A hawkish Federal Reserve is to gold prices what kryptonite is to Superman. End the money printing and low interest rates, and you take the gravity-defying power out of gold.

Filed Under: central banks, Gold, quantitative easing, stimulus package, U.S. Federal Reserve (the Fed)

Category: Gold and Silver

The Personality of Gold's Near-Term Price Action
The May 7 Elliott Wave Junctures presents intermarket analysis of several gold related securities

By Nico Isaac
5/8/2013 2:00:00 PM

The Wave Principle reveals the trends that unfold in clear and observable patterns on the price charts of each financial market. From far away these patterns can easily lose their distinctive markings. But up close, each one leaves a discernible "fingerprint," which seals its identity. And, in the May 7 Elliott Wave Junctures, Jeffrey Kennedy reveals how the price action in five gold-related issues fits the personality of one kind of move.

Filed Under: Elliott wave, elliott wave junctures, Gold, Jeffrey Kennedy

Category: Gold and Silver

Stunning Chart Shows Gold and Silver Defy Bulls' Optimism

By Editorial Staff
4/25/2013 4:00:00 PM

Gold and silver have been all over the financial news in recent weeks. A three-day tumble in mid-April pushed prices lower by as much as 31% and 56%, respectively, off their 2011 highs. The chart below shows EWI's forecasts not only in the past month ... but during the past three years of opportunity.

Filed Under: Elliott Wave Theorist, financial forecast, Gold, precious metals, Short Term Update, silver

Category: Gold and Silver

What Must Prices Do to Confirm A Bottom In Gold & Silver?
And what (or who) is responsible for the April 12-15 crash in precious metals?

By Nico Isaac
4/24/2013 6:00:00 PM

From April 12 through 15, gold and silver prices fell 14% and 18% respectively, in the largest such decline in precious metals in three decades. In the aftermath, the mainstream speculation about why gold and silver plunged has shifted from what to whom. Here, the recent news items below name several people of interest in a possible conspiracy to take the bullish wind out of precious metals' sails

Filed Under: Elliott wave, Elliott Wave trading, fundamental analysis, Gold, precious metals, silver, Traders

Category: Gold and Silver

FLASHBACK: Gold Bulls' 'Fear of Hyperinflation Badly Misplaced'
From the September 2011 Elliott Wave Financial Forecast

By Editorial Staff
4/17/2013 2:30:00 PM

Silver is down 56% since its peak on April 25, 2011, while gold is down 31% from its top on Sept. 6, 2011. Both metals are moving in line with EWI's forecast from the September 2011 issue of The Elliott Wave Financial Forecast, which published within two weeks of gold’s peak at $1921 an ounce. Here's an excerpt from that issue.

Filed Under: financial forecast, Gold, silver

Category: Gold and Silver

Gold: Will Crash-Like Conditions Continue?
"Take a step back. We've broken support. We're well below it. It's a key shelf. Unless you rally and close back above this 1520-1535 zone, you've got to be bearish looking for lower prices."

By Nico Isaac
4/15/2013 5:15:00 PM

"Crash-like conditions," "panic selling" – those are just two phrases used to describe the massive sell-off underway in gold since Friday, April 12. On Monday, April 15, gold prices plummeted 10% in their biggest single-day decline in three decades.

Filed Under: copper futures, Elliott wave, Elliott Wave trading, fundamental analysis, futures trading, Gold, gold futures, platinum futures, precious metals, silver, technical analysis, trade targets, volatility

Category: Gold and Silver

Did a Divided Fed Cause Gold's Decline?
The answer is in central bank charts of gold prices and stimulus initiatives since September 2011.

By Nico Isaac
4/10/2013 7:00:00 PM

Ask a mainstream economist about the relationship between central bank monetary policy and precious metals, and you'll probably hear something like: Stimulus is to gold prices what doping is to Lance Armstrong's cycling speed. Stop the money printing and low interest rates, and you slow down gold's gains.

Filed Under: banks, central banks, Elliott wave, Federal Open Market Committee (FOMC), Gold, inflation, precious metals, quantitative easing, Traders, U.S. Federal Reserve (the Fed)

Category: Gold and Silver

The Near-Term Bases are Loaded in Gold and Silver
EWI's Metals Specialty Service intraday analysis reveals whether precious metal bulls or bears will soon come out ahead

By Nico Isaac
4/10/2013 3:15:00 PM

Since April 1, precious metal bears should have been happier than a baseball fan sitting behind homeplate on Opening Day. Because, while that date did begin the 2013 Major League season, it also marked the start of a sizable downtrend that saw gold and silver prices plunge to nine- and eight-month lows, respectively.

Filed Under: Elliott wave, Gold, gold futures, precious metals, silver, silver futures, Traders

Category: Gold and Silver

Do Alcoa Shares Face An Uphill Battle?
And why the company's performance isn't driving its price.

By Nico Isaac
4/8/2013 8:30:00 PM

Alcoa Inc. is the first member listed on the Dow Jones Industrial Average and the world's largest aluminum producer. What's more, Wall Street tends to see Alcoa as the groundhog of corporate America -- meaning, if Alcoa's Q1 earnings see a negative shadow, winter will continue to limit economic growth in general. Yet if Alcoa's Q1 earnings look good, economic spring is upon us.

Filed Under: aluminum, Elliott wave, fundamental analysis, precious metals, Traders

Category: Gold and Silver

Is Peak Palladium Upon Us?
Plus what happened last time mainstream pundits said palladium was in short supply.

By Nico Isaac
3/27/2013 3:30:00 PM

When it comes to precious metals, palladium's volatility makes gold and silver look downright sleepy. The lesser-known silvery-white metal is 30-times more rare than gold. Two countries -- South Africa and Russia -- produce 80% of the world’s palladium. What's more, Russia considers its palladium reserve figures a state secret. (So if we tell you, we’ll have to – well – you get the point).  

Filed Under: Elliott wave, platinum futures, precious metals, supply and demand, Traders

Category: Gold and Silver

Could Copper Prices Be Headed to Below $3?
EWI’s Metals Specialty Service video reveals critical price levels to confirm a bearish near-term scenario is on tap

By Nico Isaac
3/19/2013 7:00:00 PM

Copper futures saw a  2.6%  selloff on March 18, to its lowest price in seven months. In no time, mainstream financial commentators took copper’s downturn and ran with it... straight into this line of fundamental fire: “Copper Prices Plummet As Investors Fret Over Cyprus Bailout.” (Associated Press)

 

Filed Under: copper futures, Elliott wave, european markets, eurozone, fundamental analysis, precious metals, Traders

Category: Gold and Silver

Gold Bulls Cry Inflation, Again
Here's what the evidence says about gold as an 'inflation hedge'

By Nico Isaac
3/15/2013 6:15:00 PM

Conventional economic wisdom says that inflation is to gold prices what rabbit is to a dog on a leash. In other words: The one causes the other to break loose and run wild. This notion was all-too apparent on March 15. That day, a Labor Department report revealed a .7% rise in US consumer prices in February, the sharpest increase in four years. When gold prices shot higher at the open, the usual experts put two and two together...

Filed Under: Elliott wave, Gold, gold futures, inflation, monetary policy, precious metals, quantitative easing, silver, Traders

Category: Gold and Silver

Gold: Time to Abandon the Near-term Forecast?
EWI's Metals Specialty Service's brand-new video reveals how the rally in gold fits with the big picture

By Nico Isaac
2/26/2013 6:45:00 PM

Over the past two weeks, gold prices have been on a wild ride indeed. The first move of consequence came on Feb. 15, in a powerful sell off that pushed prices below the $1600 level (intraday) for the first time in six months. From there the nosedive continued, until gold caught its breath at a nine-month low on Feb. 21. In the days that followed gold slowly climbed -- until today (February 26): Gold saw its biggest one-day gain for the year.

 

 

Filed Under: Elliott wave, Gold, precious metals, Traders, volatility

Category: Gold and Silver

Will the Fed's Next Move Decide Whether Gold Prices Rise or Fall?
Does monetary policy really drive the precious metal's trend? See the answer with a look at the recent past

By Nico Isaac
2/25/2013 6:15:00 PM

So far this year, gold prices have fallen 10% -- the lowest level in seven months. So it's no surprise that precious metal investors are now asking out loud what they've been quietly wondering for some time: Is 2013 an unlucky number for gold bulls? According to the mainstream experts, the Federal Reserve's future stance on monetary policy holds most of the answer. The way they see it now is the way they've always seen it. The central bank's decision on interest rates pulls the strings of gold prices the way Geppetto controlled Pinocchio.

Filed Under: Elliott wave, Gold, Interest Rates, monetary policy, precious metals, Traders, U.S. Federal Reserve (the Fed)

Category: Gold and Silver

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© 2013 Elliott Wave International

The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.